Toronto toy firm Spin Master acquires classic Etch A Sketch

TORONTO -- A Canadian company has purchased the rights to the classic children's toy Etch A Sketch and its offshoot, the Doodle Sketch.

See Full Article

Toronto-based Spin Master Corp. (TSX:TOY) says it has purchased the patents, trademarks, tooling and inventory for both toys from The Ohio Art Company.

Spin Master prides itself on infusing innovation into the legacy brands it acquires.

In 2013, the company acquired Meccano, which sold toy construction kits. Spin Master revamped the toys with robotic technology. Now kids can build toy drones, ATVs and personal robots with Meccano toys.

Etch A Sketch, created by a French inventor, has been produced or owned by Ohio Art since 1960, when it bought the rights for US$25,000.

Sping Master says it plans to revamp both Etch A Sketch and Doodle Sketch.

"These toys have been popular for more than 50 years and we look forward to building on this foundation of fun and creativity," chairman and co-CEO Anton Rabie said in a statement.

Recently, the company purchased toy-makers Editrice Giochi SRL, an Italian company selling board games and roller blades among other toys, and Cardinal Games, which sells board games, puzzles and 3D puzzles.

With files from The Associated Press



Advertisements

Latest Economic News

  • Walmart, J.B. Hunt truck operations sign up for Tesla's all-electric Semi

    Economic CBC News
    Walmart is planning to test Tesla's electric trucks in Canada and the U.S., it said Friday, just a day after the unveiling of the all-electric Tesla Semi. The retail giant becomes the second U.S. company to commit to trying the new technology as an alternative to diesel, after J.B. Source
  • Quebec biofuel company partners with Qantas in effort to cut emissions

    Economic CBC News
    A Quebec biofuels company has signed its first deal to power an airline's jets with energy grown from Canadian oilseeds. Agrisoma Biosciences Inc. of Gatineau will supply biofuel to Australia's Qantas Airways made from Carinata seed, a non-food, industrial type of mustard seed that produces oil suitable for aviation and diesel fuel. Source
  • Bombardier to hire 1000 workers in Montreal for Global 7000 business jet

    Economic CTV News
    Bombardier confirmed this morning that it will hire about 1,000 workers over the next 18 months for its new Global 7000 business jet. The workers will complete the interiors for the company's largest business aircraft. Source
  • Bombardier hiring 1,000 to work on Global 7000 aircraft

    Economic CBC News
    Bombardier is hiring about 1,000 workers in the Montreal area to work on its Global 7000 business aircraft program, the company said Friday. The company said the workers will be hired over the next 18 months for interior completion work on the aircraft. Source
  • Teck outlines plan to spend nearly $500 million on dividends, stock buybacks

    Economic CTV News
    VANCOUVER -- Teck Resources has announced plans to issue a special dividend to its shareholders, in addition to its regular dividend, and increase its share buyback program by $230 million. The diversified mining company, based in Vancouver, says the two measures are being taken because of Teck's strong cash position. Source
  • Why aren't drivers catching a break at the pumps?

    Economic CTV News
    There may be no fact of life more confounding to ordinary Canadians than gas prices. They seem to go up at the first whisper of climbing oil prices, but don’t fall nearly as fast when barrels of oil sell for less. Source
  • Thousands more names and companies revealed from Paradise Papers

    Economic CBC News
    The public will get a glimpse at the tens of thousands of names — including those of more than 3,000 Canadians and Canadian companies — in the Paradise Papers starting today. Key information from the huge leak of tax-haven financial records, including the names of offshore companies and the people behind them, is being made public by the International Consortium of Investigative Journalists (ICIJ), the Washington-based group that co-ordinated global reporting on the documents. Source
  • Bombardier announcement LIVE

    Economic CBC News
    Air Date: Nov 17, 2017 10:00 AM ET Source
  • 'Clock is ticking': EU leaders warn broadening of Brexit talks could be in doubt

    Economic CTV News
    GOTEBORG, Sweden -- European Union leaders warned Britain Friday that it must do much more to convince them that Brexit talks should be broadened to cover future relations and trade from December. At an EU summit in Sweden, Prime Minister Theresa May's government was urged to clarify how much Britain will pay in settlement of its financial accounts with the bloc and to ensure that there is no hard border created between Ireland and Northern Ireland. Source
  • Qantas signs long-term deal to power its jets with Canadian oilseeds

    Economic CTV News
    MONTREAL -- A Quebec biofuels company has signed its first deal to power an airline's jets with energy grown from Canadian oilseeds. Agrisoma Biosciences Inc. of Gatineau will supply biofuel to Australia's Qantas Airways made from Carinata seed, a non-food, industrial type of mustard seed that produces oil suitable for aviation and diesel fuel. Source